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China's PPI dropped 0.8 percent year-on-year in August last year, but has returned to positive territory. In the first quarter of this year, China's GDP growth was 6.9 percent, beating market expectations and laying a solid foundation for China to meet its pre-set annual growth target of around 6.5 percent for this year.
China will encounter unique difficulties when compared with other parts of the world, therefore it will have the opportunity to discover innovative solutions and promote technical development, enabling the country to take a leading role in these endeavors, added Li.
China's Consumer Confidence Index (CCI) reached 112 points in the second quarter of 2017, up two points from last quarter and the highest score since Q4 2013, according to the latest survey from global market research firm Nielsen.
China will make a concerted push to import more quality goods and services to meet growing domestic demand and contribute more to the global economy, Wei said.
China's broad money supply maintained a low growth rate of 8.3 percent in April, along with flat new yuan loan expansion even as policymakers continued financial deleveraging, according to data from the People's Bank of China, the central bank, on Friday.
